DuPont Profit Beats Estimates on Higher Prices for Paint
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DuPont Co., the most valuable U.S. chemical maker, posted fourth-quarter profit that exceeded analysts’ estimates as higher prices for titanium-dioxide pigment and other products offset falling sales volumes.
Net income fell 0.8 percent to $373 million, or 40 cents a share, from $376 million, or 40 cents, a year earlier, Wilmington, Delaware-based DuPont said today in a statement. Profit excluding a gain from the sale of a business and other one-time items was 35 cents, topping the 33-cent average estimate of 17 analysts surveyed by Bloomberg.